August 18th, 2010
Forex analysts’ opinion on USD/JPY
jpyforexfan
For the medium term, foreign exchange analysts at Crédit Agricole expect the U.S. dollar to “have a generally strong performance against major currencies, with the notable exception of commodity currencies.”
“We remain bullish on the USD against funding currencies (JPY, CHF) although, admittedly, our forecast revisions reveal a less bullish outlook than previously expected, especially against the stubbornly strong JPY,” the analysts said in a research report Wednesday.
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